Underlying Note definition

Underlying Note means the one or more promissory notes executed by an obligor evidencing a Loan.

Underlying Note means one or more promissory notes, if any, executed by an Obligor evidencing a Collateral Loan.

Underlying Note means the promissory note of an Obligor evidencing a Loan.

Examples of Underlying Note in a sentence

• The Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

• The relevant Issuer’s obligation under this Clause 31 shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the relevant Issuer agrees that a Relevant Account Holder may assign its rights under this Clause 31 in whole or in part.

• The Trust Depositor will take no action to cause any Loan not originally evidenced by an Underlying Note to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.

• The relevant Issuer's obligation under this clause shall be a separate and independent obligation by reference to each Underlying Note which a Relevant Account Holder has credited to its securities account with the Relevant Clearing System and the relevant Issuer agrees that a Relevant Account Holder may assign its rights under this Deed in whole or in part.

• The Borrower will not take any action to cause any Transferred Loan not originally evidenced by an Underlying Note to be evidenced by an instrument (as defined in the UCC), except in connection with the enforcement or collection of such Loan.

More Definitions of Underlying Note

Underlying Note. One or more promissory notes executed by the applicable Obligor evidencing a Collateral Obligation.

Underlying Note. The promissory note of an Obligor evidencing a Loan.

Underlying Note. Each promissory note (if any) of an Obligor evidencing a Loan.

Underlying Note. With respect to any Commercial Real Estate Loan, the promissory note or other evidence of indebtedness or agreements evidencing the indebtedness of an Obligor under such Commercial Real Estate Loan.

Underlying Note. One or more promissory notes executed by the applicable Obligor evidencing a Loan.

Underlying Note. With respect to a Loan (other than a Noteless Loan or a Participation), the promissory note of an Obligor evidencing such Loan.

Underlying Note means each note or promissory note, lost instrument affidavit, loan agreement, shared credit or Loan Participation Agreement, intercreditor agreement, reimbursement agreement, any other evidence of indebtedness of any kind, or any other agreement, document or instrument evidencing an Underlying Loan, and all Modifications to the foregoing.